To the point
As of October 30, 2022, some changes will affect some TD credit cards: earning rates, insurance and fees.
TD announced multiple changes to some TD credit cards:
- TD Rewards
- Cash back
- Aeroplan
TD Rewards
TD First Class Travel® Visa Infinite* Card
Of all the TD credit cards, the TD First Class Travel® Visa Infinite* Card has seen the majority of significant changes.
Points program
TD Points become TD Rewards Points. Aside from the naming, here are the changes related to the card’s points program:
| Spending Category | Currently | As of October 30, 2022 |
| Basic | 3 points per dollar | 2 points per dollar |
| Travel Purchases made by phone through Expedia For TD | 6 points per dollar | 8 points per dollar |
| Travel Purchases made online through Expedia For TD | 9 points per dollar | 8 points per dollar |
| Grocery | 3 points per dollar | 6 points per dollar |
| Restaurant | 3 points per dollar | 6 points per dollar |
| Pre-authorized purchases | 3 points per dollar | 4 points per dollar |
With these new purchase categories (Grocery, Restaurants, Pre-Authorized Purchases), TD is introducing an annual limit of $25,000 in each of these categories.
When your total Purchases exceed $25,000 in a year in each category noted above, you will receive the Base Earn Rate of 2 TD Rewards Points for every $1 in these types of Purchases.
The year starts after your first statement period in January and runs until the end of your statement period the following January.
There continues to be no annual cap on Expedia For TD Purchases.
Insurance
Changes related to card insurance:
| Insurance | Currently | As of October 30, 2022 |
| Travel Medical Insurance | maximum benefit payable of up to $1,000,000 per insured person per covered trip | maximum benefit payable of up to $2,000,000 per insured person per covered trip |
The card’s new insurance coverage:
| New insurance | Details |
| Mobile Device Insurance | Up to $1,000 for eligible mobile devices in the event of loss, theft, accidental damage or mechanical breakdown |
| Hotel/Motel Burglary Insurance | Up to $2,500 per occurrence for eligible personal items belonging to each Cardholder on the Account and eligible family members travelling with the Cardholder |
| Flight/Travel Delay Insurance | Up to $500 per insured person if your flight/trip is delayed for an eligible reason for over 4 hours and 75% of the cost of the trip is charged to your Card. |
Benefits
New card benefits:
| New benefit | Details |
| TD Rewards Birthday Bonus | Each year, you will receive a TD Rewards Birthday Bonus (“Birthday Bonus”) on your TD First Class Travel® Visa Infinite* Account, equal to 10% of the total number of TD Rewards Points earned over the 12 months preceding the Primary Cardholder’s birthday, to a maximum Birthday Bonus of 10,000 TD Rewards Points.. |
| TD Travel Credit |
You will receive one $100 TD Travel Credit on your first Eligible Travel Credit Purchase posted to the Account in a calendar year. An Eligible Travel Credit Purchase includes:
|
Card fees
Changes related to card fees:
| Currently | As of October 30, 2022 | |
| Annual fee | $120 for the primary cardholder | $139 for the primary cardholder |
Visual
The visual of the card will be changed:
Current offers
As a reminder, here is the current exceptional offer for this card:
- Up to 100,000 points ($500 value for travel)
- First-Year annual fee rebate
TD Platinum Travel Visa* Card
Points program
TD Points become TD Rewards Points. Aside from the naming, here are the changes related to the card’s points program:
| Spending Category | Currently | As of October 30, 2022 |
| Basic | 2 points per dollar | 1.5 points per dollar |
| Travel Purchases made by phone through Expedia For TD | 3 points per dollar | 6 points per dollar |
| Travel Purchases made online through Expedia For TD | 5 points per dollar | 6 points per dollar |
| Grocery | 2 points per dollar | 4.5 points per dollar |
| Restaurant | 2 points per dollar | 4.5 points per dollar |
| Pre-authorized purchases | 3 points per dollar | 3 points per dollar |
With the introduction of these new purchase categories (Grocery, Restaurants, Pre-Authorized Purchases), TD is introducing an annual limit of $15,000 for each of these categories.
When your total Purchases exceed $15,000 in a year in each category noted above, you will receive the Base Earn Rate of 1.5 TD Rewards Points for every $1 in these types of Purchases.
The year starts after your first statement period in January and runs until the end of your statement period the following January.
There continues to be no annual cap on Expedia For TD Purchases.
Insurance
The card’s new insurance coverage:
| New insurance | Details |
| Mobile Device Insurance | Up to $1,000 for eligible mobile devices in the event of loss, theft, accidental damage or mechanical breakdown |
| Hotel/Motel Burglary Insurance | Up to $2,500 per occurrence for eligible personal items belonging to each Cardholder on the Account and eligible family members travelling with the Cardholder |
Visual
The visual of the card will be changed:
Current offers
As a reminder, here is the current offer for this card:
- Up to 50,000 points ($250 value for travel)
- First-Year annual fee rebate
TD Rewards Visa* Card
Points program
TD Points become TD Rewards Points. Aside from the naming, here are the changes related to the card’s points program:
| Spending Category | Currently | As of October 30, 2022 |
| Basic | 1 point per dollar | 1 point per dollar |
| Travel Purchases made by phone through Expedia For TD | 2 points per dollar | 4 points per dollar |
| Travel Purchases made online through Expedia For TD | 3 points per dollar | 4 points per dollar |
| Grocery | 2 points per dollar | 3 points per dollar |
| Restaurant | 2 points per dollar | 3 points per dollar |
| Pre-authorized purchases | 2 points per dollar | 2 points per dollar |
Insurance
The card’s new insurance coverage:
| New insurance | Details |
| Mobile Device Insurance | Up to $1,000 for eligible mobile devices in the event of loss, theft, accidental damage or mechanical breakdown |
Visual
The visual of the card will be changed:
Current offers
As a reminder, here is the current offer for this card:
Cash back
TD Cash Back Visa Infinite* Card
Insurance
The card’s new insurance coverage:
| New insurance | Details |
| Mobile Device Insurance | Up to $1,000 for eligible mobile devices in the event of loss, theft, accidental damage or mechanical breakdown |
Card fees
Changes related to card fees:
| Currently | As of October 30, 2022 | |
| Annual fee | $120 for the primary cardholder | $139 for the primary cardholder |
Visual
The visual of the card will be changed:
Current offers
As a reminder, here is the current offer for this card:
Aeroplan
TD® Aeroplan® Visa Infinite* Card
Insurance
Changes related to card insurance:
| Insurance | Currently | As of October 30, 2022 |
| Travel Medical Insurance | maximum benefit payable of up to $1,000,000 per insured person per covered trip | maximum benefit payable of up to $2,000,000 per insured person per covered trip |
Current offers
As a reminder, here is the current exceptional offer for this card:
- up to 50,000 Aeroplan points
- First-Year annual fee rebate
Conclusion
Like other institutions before it (BMO or National Bank to name a few), TD has decided to make various changes to its cards.
In terms of TD Rewards points earning, this is partly due to lower interchange fee revenue (the fee charged to merchants for allowing their customers to use a credit card for purchases).
To compensate for this in the eyes of customers, credit card issuers often choose to introduce purchase categories offering more points than before. As always, with changes like this, the winners will be those who take advantage of these different purchase categories by using the right credit card in the right place.
Use our credit card comparison tool to find the card that fits your needs and spending habits!
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